Motorcar Parts of America (MPAA) 10-Q 11 Aug 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Jun. 30, 2014	Aug. 04, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'MOTORCAR PARTS AMERICA INC	'
Entity Central Index Key	'0000918251	'
Current Fiscal Year End Date	'--03-31	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	15,086,888
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q1	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Current assets:	'	'
Cash	$24,692,000	$24,599,000
Short-term investments	549,000	521,000
Accounts receivable - net	7,955,000	22,283,000
Inventory - net	47,471,000	47,246,000
Inventory unreturned	7,328,000	7,534,000
Deferred income taxes	18,864,000	18,767,000
Prepaid expenses and other current assets	3,532,000	4,316,000
Total current assets	110,391,000	125,266,000
Plant and equipment - net	11,224,000	11,025,000
Long-term core inventory - net	149,420,000	143,476,000
Long-term core inventory deposits	29,638,000	29,375,000
Long-term deferred income taxes	2,630,000	2,614,000
Intangible assets - net	3,064,000	3,244,000
Other assets	3,910,000	3,853,000
TOTAL ASSETS	310,277,000	318,853,000
Current liabilities:	'	'
Accounts payable	51,721,000	59,509,000
Accrued liabilities	5,310,000	8,316,000
Customer finished goods returns accrual	15,387,000	16,251,000
Revolving loan	10,000,000	10,000,000
Other current liabilities	2,499,000	1,270,000
Current portion of term loan	7,843,000	7,843,000
Total current liabilities	92,760,000	103,189,000
Term loan, less current portion	77,640,000	79,434,000
Deferred core revenue	15,115,000	15,065,000
Other liabilities	10,443,000	11,529,000
Total liabilities	195,958,000	209,217,000
Commitments and contingencies	'	'
Statement [Line Items]	'	'
Preferred stock	0	0
Common stock; par value $.01 per share, 50,000,000 shares authorized; 15,082,645 and 15,067,645 shares issued and outstanding at June 30, 2014 and March 31, 2014, respectively	151,000	151,000
Additional paid-in capital	121,232,000	120,553,000
Accumulated other comprehensive loss	-822,000	-877,000
Accumulated deficit	-6,242,000	-10,191,000
Total shareholders' equity	114,319,000	109,636,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	310,277,000	318,853,000
Series A junior participating preferred stock [Member]	'	'
Statement [Line Items]	'	'
Preferred stock	$0	$0

Consolidated_Balance_Sheets_Un1

Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Shareholders' equity:	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, authorized (in shares)	5,000,000	5,000,000
Preferred stock, issued (in shares)	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, authorized (in shares)	50,000,000	50,000,000
Common stock, issued (in shares)	15,082,645	15,067,645
Common stock, outstanding (in shares)	15,082,645	15,067,645
Series A Junior Participating Preferred Stock [Member]	'	'
Shareholders' equity:	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, authorized (in shares)	20,000	20,000
Preferred stock, issued (in shares)	0	0

Consolidated_Statements_of_Inc

Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Consolidated Statements of Income (Unaudited) [Abstract]	'	'
Net sales	$62,975,000	$50,245,000
Cost of goods sold	45,159,000	34,231,000
Gross profit	17,816,000	16,014,000
Operating expenses:	'	'
General and administrative	5,392,000	9,632,000
Sales and marketing	1,826,000	1,731,000
Research and development	522,000	549,000
Total operating expenses	7,740,000	11,912,000
Operating income	10,076,000	4,102,000
Interest expense, net	3,413,000	3,925,000
Income from continuing operations before income tax expense	6,663,000	177,000
Income tax expense	2,714,000	74,000
Income from continuing operations	3,949,000	103,000
Income from discontinued operations	0	100,877,000
Net income	$3,949,000	$100,980,000
Basic net income per share from continuing operations (in dollars per share)	$0.26	$0.01
Basic net income per share from discontinued operations (in dollars per share)	$0	$6.97
Basic net income per share (in dollars per share)	$0.26	$6.98
Diluted net income per share from continuing operations (in dollars per share)	$0.25	$0.01
Diluted net income per share from discontinued operations (in dollars per share)	$0	$6.90
Diluted net income per share (in dollars per share)	$0.25	$6.91
Weighted average number of shares outstanding:	'	'
Basic (in shares)	15,082,818	14,460,979
Diluted (in shares)	15,921,367	14,609,464

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Consolidated Statements of Comprehensive Income (Unaudited) [Abstract]	'	'
Net income	$3,949,000	$100,980,000
Other comprehensive income, net of tax:	'	'
Unrealized gain on short-term investments (net of tax of $7,000 and $0)	10,000	0
Foreign currency translation gain	45,000	12,000
Total other comprehensive income, net of tax	55,000	12,000
Comprehensive income	$4,004,000	$100,992,000

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Income (Parenthetical) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Other comprehensive income, net of tax:	'	'
Unrealized gain on short-term investments, tax	$7,000	$0

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net income	$3,949,000	$100,980,000
Less income from discontinued operations	0	100,877,000
Income from continuing operations	3,949,000	103,000
Adjustments to reconcile net income from continuing operations to net cash provided by (used in) operating activities:	'	'
Depreciation	453,000	541,000
Amortization of intangible assets	180,000	192,000
Amortization of debt issuance costs	419,000	453,000
(Gain) loss due to change in fair value of warrant liability	-1,114,000	1,570,000
Provision for inventory reserves	735,000	511,000
Net recovery of customer payment discrepancies	-25,000	-47,000
Net (recovery of) provision for doubtful accounts	-13,000	65,000
Deferred income taxes	-114,000	13,000
Share-based compensation expense	498,000	125,000
Changes in current assets and liabilities:	'	'
Accounts receivable	14,367,000	3,937,000
Inventory	-235,000	1,297,000
Inventory unreturned	206,000	-551,000
Prepaid expenses and other current assets	738,000	-1,328,000
Other assets	-118,000	-118,000
Accounts payable and accrued liabilities	-10,804,000	-5,371,000
Customer finished goods returns accrual	-863,000	256,000
Deferred core revenue	50,000	158,000
Long-term core inventory	-6,668,000	-4,799,000
Long-term core inventory deposits	-263,000	-195,000
Other liabilities	1,259,000	116,000
Net cash provided by (used in) operating activities from continuing operations	2,637,000	-3,072,000
Net cash provided by operating activities from discontinued operations	0	979,000
Net cash provided by (used in) operating activities	2,637,000	-2,093,000
Cash flows from investing activities:	'	'
Purchase of plant and equipment	-610,000	-381,000
Change in short term investments	-11,000	-10,000
Net cash used in investing activities from continuing operations	-621,000	-391,000
Net cash used in investing activities from discontinued operations	0	-295,000
Net cash used in investing activities	-621,000	-686,000
Cash flows from financing activities:	'	'
Repayments of term loan	-2,100,000	-600,000
Payments on capital lease obligations	-13,000	-64,000
Exercise of stock options	180,000	0
Net cash used in financing activities from continuing operations	-1,933,000	-664,000
Net cash used in financing activities from discontinued operations	0	-772,000
Net cash used in financing activities	-1,933,000	-1,436,000
Effect of exchange rate changes on cash	10,000	-28,000
Net increase (decrease) in cash	93,000	-4,243,000
Cash - Beginning of period from continuing operations	24,599,000	19,346,000
Cash - Beginning of period from discontinued operations	0	88,000
Cash - End of period	24,692,000	15,191,000
Less Cash - End of period from discontinued operations	0	0
Cash - End of period from continuing operations	24,692,000	15,191,000
Cash paid during the period for:	'	'
Interest	3,030,000	3,473,000
Income taxes, net of refunds	$200,000	$98,000

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Jun. 30, 2014
Basis of Presentation [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended June 30, 2014 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2015. This report should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto for the fiscal year ended March 31, 2014, which are included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on June 16, 2014, as amended by the Form 10-K/A filed with the SEC on July 29, 2014.
	The accompanying consolidated financial statements have been prepared on a consistent basis with, and there have been no material changes to, the accounting policies described in Note 2, Summary of Significant Accounting Policies, to the consolidated financial statements that are presented in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2014.

Company_Background_and_Organiz

Company Background and Organization	3 Months Ended
	Jun. 30, 2014
Company Background and Organization [Abstract]	'
Company Background and Organization	'
	1. Company Background and Organization
	Motorcar Parts of America, Inc. and its subsidiaries (the “Company”, or “MPA”) is a leading manufacturer, remanufacturer, and distributor of aftermarket automotive parts. These replacement parts are sold for use on vehicles after initial vehicle purchase. These automotive parts are sold to automotive retail chain stores and warehouse distributors throughout North America and to major automobile manufacturers. The Company’s products include rotating electrical products such as alternators and starters and wheel hub assemblies and bearings.
	The Company obtains used automotive parts, commonly known as Used Cores, primarily from its customers under the Company’s core exchange program. It also purchases Used Cores from vendors (core brokers). The customers grant credit to the consumer when the used part is returned to them, and the Company in turn provides a credit to the customers upon return to the Company. These Used Cores are an essential material needed for the remanufacturing operations.
	The Company has remanufacturing, warehousing and shipping/receiving operations for automotive parts in North America and Asia. In addition, the Company utilizes various third party warehouse distribution centers in North America.
	The Company has two operating segments: (i) wheel hub assemblies and bearings and (ii) rotating electrical products which consist of alternators and starters.  Pursuant to the guidance provided under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”), for segment reporting the Company has determined that these operating segments meet the criteria for aggregation and accordingly the Company has one reportable segment for purposes of recording and reporting its financial results.

Discontinued_Operations

Discontinued Operations	3 Months Ended
	Jun. 30, 2014
Discontinued Operations [Abstract]	'
Discontinued Operations and Deconsolidation of Fenco	'
	2. Discontinued Operations
	In May 2011, the Company purchased (i) all of the outstanding equity of Fenwick Automotive Products Limited (“FAPL”), (ii) all of the outstanding equity of Introcan, Inc., a Delaware corporation (“Introcan”), and (iii) 1% of the outstanding equity of Fapco S.A. de C.V., a Mexican variable capital company (“Fapco”) (collectively, “Fenco” and also referred to herein as the “discontinued subsidiary”). Since FAPL owned 99% of Fapco prior to these acquisitions, the Company owned 100% of Fapco.
	Between May 2011 and its bankruptcy in June 2013, Fenco had been attempting to turn around its business. However, revenues generated by its undercar product line segment were not sufficient to enable Fenco to meet its operating expenses and otherwise implement its undercar product line turnaround plan. Fenco had recurring operating losses since the date of acquisition and had a working capital and equity deficiency.
	In May 2013, FAPL appointed a new board of independent directors, hired an independent chief restructuring officer and all its previously existing officers resigned from FAPL. As a result of loss of control of Fenco, the Company deconsolidated the assets and liabilities of Fenco from its consolidated financial statements effective May 31, 2013. On June 10, 2013, each of FAPL, Introcan and Introcan’s subsidiaries, Flo-Pro Inc., LH Distribution Inc., Rafko Logistics Inc., Rafko Holdings Inc. and Rafko Enterprises Inc. (collectively, the “Fenco Entities”), filed a voluntary petition for relief under Chapter 7 of Title 11 of the United States Code (the “Bankruptcy Code”) in the U.S. Bankruptcy Court for the District of Delaware. As a result of the loss of control of Fenco and the subsequent filing of the petition for relief under the Bankruptcy Code, Fenco had effectively been disposed of and the Company did not and does not retain any continuing involvement in the operations of Fenco. The Company may be subject to claims relating to the bankruptcy (see Note 15).
	The Company’s income from discontinued operations was $100,877,000 during the three months ended June 30, 2013 and consisted of (i) a $118,095,000 gain on the deconsolidation of the discontinued subsidiary, including an income tax benefit of $1,374,000, (ii) a loss of approximately $20,464,000 in connection with the guarantee of obligations to certain suppliers of the discontinued subsidiary partly offset by income tax benefits of $9,156,000, and (iii) net sales of approximately $14,140,000 and the resulting loss of approximately $5,910,000 incurred by the discontinued subsidiary from April 1, 2013 to May 31, 2013.

Intangible_Assets

Intangible Assets	3 Months Ended
	Jun. 30, 2014
Intangible Assets [Abstract]	'
Intangible Assets	'
	3. Intangible Assets
	The following is a summary of the intangible assets subject to amortization at June 30, 2014 and March 31, 2014:
				30-Jun-14					31-Mar-14
		Weighted		Gross Carrying			Accumulated		Gross		Accumulated
		Average		Value			Amortization		Carrying		Amortization
		Amortization							Value
		Period
	Intangible assets subject to amortization
	Trademarks	9 years		$	553,000		$	402,000	$	553,000	$	391,000
	Customer relationships	12 years			6,464,000			3,554,000		6,464,000		3,393,000
	Non-compete agreements	5 years			257,000			254,000		257,000		246,000
	Total	11 years		$	7,274,000		$	4,210,000	$	7,274,000	$	4,030,000
	Amortization expense for acquired intangible assets is as follows:
			Three Months Ended
			June 30,
			2014			2013
	Amortization expense		$	180,000		$	192,000
	The estimated future amortization expense for intangible assets subject to amortization is as follows:
	Year Ending March 31,
	2015 - remaining nine months		$	490,000
	2016			349,000
	2017			266,000
	2018			266,000
	2019			266,000
	Thereafter			1,427,000
	Total		$	3,064,000

Accounts_Receivable_Net

Accounts Receivable - Net	3 Months Ended
	Jun. 30, 2014
Accounts Receivable - Net [Abstract]	'
Accounts Receivable - Net	'
	4. Accounts Receivable — Net
	Included in accounts receivable — net are significant offset accounts related to customer allowances earned, customer payment discrepancies, returned goods authorizations (“RGA”) issued for in-transit unit returns, estimated future credits to be provided for Used Cores returned by the customers and potential bad debts. Due to the forward looking nature and the different aging periods of certain estimated offset accounts, the offset accounts may not, at any point in time, directly relate to the balances in the accounts receivable-trade account.
	Accounts receivable — net is comprised of the following:
		30-Jun-14			31-Mar-14
	Accounts receivable — trade	$	44,341,000		$	58,766,000
	Allowance for bad debts		(841,000	)		(854,000	)
	Customer allowances earned		(7,554,000	)		(9,088,000	)
	Customer payment discrepancies		(415,000	)		(577,000	)
	Customer returns RGA issued		(5,134,000	)		(5,809,000	)
	Customer core returns accruals		(22,442,000	)		(20,155,000	)
	Less: total accounts receivable offset accounts		(36,386,000	)		(36,483,000	)
	Total accounts receivable — net	$	7,955,000		$	22,283,000
	Warranty Returns
	The Company allows its customers to return goods to the Company that their end-user customers have returned to them, whether the returned item is or is not defective (warranty returns). The Company accrues an estimate of its exposure to warranty returns based on a historical analysis of the level of this type of return as a percentage of total unit sales. Amounts charged to expense for these warranty returns are considered in arriving at the Company’s net sales. At June 30, 2014 and March 31, 2014, the Company’s total warranty return accrual was $7,048,000 and $8,039,000, respectively, of which $2,433,000 and $2,407,000 was included in the customer returns RGA issued balance in the above table for expected credits to be issued against accounts receivable and $4,615,000 and $5,632,000, respectively, was included in the customer finished goods returns accrual in the consolidated balance sheets for estimated future warranty returns.
	Change in the Company’s warranty return accrual for continuing operations is as follows:
		Three Months Ended
		June 30,
		2014			2013
	Balance at beginning of period	$	8,039,000		$	6,205,000
	Charged to expense		13,007,000			11,368,000
	Amounts processed		(13,998,000	)		(12,271,000	)
	Balance at end of period	$	7,048,000		$	5,302,000

Inventory

Inventory	3 Months Ended
	Jun. 30, 2014
Inventory [Abstract]	'
Inventory	'
	5. Inventory
	Inventory is comprised of the following:
		30-Jun-14			31-Mar-14
	Non-core inventory
	Raw materials	$	18,084,000		$	18,787,000
	Work-in-process		239,000			124,000
	Finished goods		30,902,000			30,197,000
			49,225,000			49,108,000
	Less allowance for excess and obsolete inventory		(1,754,000	)		(1,862,000	)
	Total	$	47,471,000		$	47,246,000
	Inventory unreturned	$	7,328,000		$	7,534,000
	Long-term core inventory
	Used cores held at the Company's facilities	$	25,142,000		$	23,718,000
	Used cores expected to be returned by customers		5,857,000			6,160,000
	Remanufactured cores held in finished goods		20,139,000			18,093,000
	Remanufactured cores held at customers' locations		98,936,000			96,351,000
			150,074,000			144,322,000
	Less allowance for excess and obsolete inventory		(654,000	)		(846,000	)
	Total	$	149,420,000		$	143,476,000
	Long-term core inventory deposits	$	29,638,000		$	29,375,000

Major_Customers

Major Customers	3 Months Ended
	Jun. 30, 2014
Major Customers [Abstract]	'
Major Customers	'
	6. Major Customers
	The Company’s largest customers accounted for the following total percentage of net sales from continuing operations:
		Three Months Ended
		June 30,
	Sales	2014			2013
	Customer A		53	%		44	%
	Customer B		22	%		25	%
	Customer C		5	%		10	%
	Customer D		3	%		5	%
	The Company’s largest customers accounted for the following total percentage of accounts receivable—trade:
	Accounts receivable - trade	30-Jun-14			31-Mar-14
	Customer A		30	%		46	%
	Customer B		25	%		12	%
	Customer C		8	%		7	%
	Customer D		10	%		10	%
	The Company’s largest supplier accounted for 13% of inventory purchases for the three months ended June 30, 2014. No suppliers accounted for more than 10% of inventory purchases for the three months ended June 30, 2013.

Debt

Debt	3 Months Ended
	Jun. 30, 2014
Debt [Abstract]	'
Debt	'
	7. Debt
	The Company has the following credit agreements.
	Financing Agreement
	The Company is party to a financing agreement, as amended, (the “Financing Agreement”) with a syndicate of lenders, Cerberus Business Finance, LLC (“Cerberus”), as collateral agent, and PNC Bank, National Association, as administrative agent. The loans made thereunder (the “Loans”) consist of: (i) term loans aggregating $95,000,000 (the “Term Loans”) and (ii) revolving loans of up to $30,000,000, subject to borrowing base restrictions and a $10,000,000 sublimit for letters of credit (the “Revolving Loans”). The Loans mature on November 6, 2018. In connection with the Financing Agreement, the lenders were granted a security interest in substantially all of the assets of the Company. In addition, the Company has the right, subject to meeting certain conditions, to repurchase up to $10,000,000 of the Company’s equity interests.
	In June 2014, the Company entered into a first amendment to the Financing Agreement (the “First Amendment”), pursuant to which (i) the Revolving Loans were increased by $10,000,000 to $40,000,000 (the “Amended Revolving Loans”), (ii) the maximum amount of capital expenditures was increased to $7,000,000 for fiscal 2015, and $4,000,000 for each of fiscal 2016 and 2017, and (iii) certain other amendments and modifications were made.
	The Term Loans require quarterly principal payments of $2,100,000 per quarter and bear interest at rates equal to, at the Company’s option, either LIBOR (subject to a 1.50% LIBOR floor) plus 5.25% or a reference rate plus 4.25%. The Amended Revolving Loans bear interest at rates equal to, at the Company’s option, either LIBOR plus 2.50% or a reference rate plus 1.00%. The interest rate on the Company’s Term Loans using the LIBOR option was 6.75% at June 30, 2014 and March 31, 2014, respectively. The interest rate on the Company’s revolving loans using the LIBOR option was 2.66% at June 30, 2014 and March 31, 2014, respectively.
	The following summarizes information about the Company’s Term Loans at:
		30-Jun-14			31-Mar-14
	Principal amount of term loan	$	90,800,000		$	92,900,000
	Unamortized financing fees		(5,317,000	)		(5,623,000	)
	Net carrying amount of term loan	$	85,483,000		$	87,277,000
	Less current portion of term loan		(7,843,000	)		(7,843,000	)
	Long-term portion of term loan	$	77,640,000		$	79,434,000
	Future repayments of the Company’s Term Loans, by fiscal year, are as follows:
	Year Ending March 31,
	2015 - remaining nine months	$	6,300,000
	2016		8,400,000
	2017		8,400,000
	2018		8,400,000
	2019		59,300,000
	Total payments	$	90,800,000
	The Company may reduce or terminate the commitments of the lenders to make the Amended Revolving Loans or prepay the Term Loans in whole or in part, but such prepayments are subject to a prepayment penalty of 2.00% times the sum of the reduction of the revolving credit commitment plus the principal amount of any prepayment of the Term Loans through January 18, 2015.
	The Financing Agreement, among other things, requires the Company to maintain certain financial covenants including a maximum senior leverage ratio, a minimum fixed charge coverage ratio, and minimum consolidated earnings before interest, income tax, depreciation and amortization expenses (“EBITDA”). The Company was in compliance with all financial covenants as of June 30, 2014.
	The Company had borrowed $10,000,000 under the revolving loans at June 30, 2014 and March 31, 2014, respectively. In addition, the Company had reserved $476,000 for standby letters of credit for workers’ compensation insurance and $917,000 for commercial letters of credit as of June 30, 2014. As of June 30, 2014, $28,607,000, subject to certain adjustments, was available under the Amended Revolving Loans.
	WX Agreement
	In August 2012, the Company entered into a Revolving Credit/Strategic Cooperation Agreement (the “WX Agreement”) with Wanxiang America Corporation (the “Supplier”) and the discontinued subsidiary. Under the terms of the WX Agreement, the Supplier agreed to provide a revolving credit line for purchases of automotive parts and components by the discontinued subsidiary. In connection with the WX Agreement, the Company also issued a warrant (the “Supplier Warrant”) to the Supplier to purchase up to 516,129 shares of the Company’s common stock for an initial exercise price of $7.75 per share exercisable at any time after August 22, 2014 and on or prior to September 30, 2017. The exercise price is subject to adjustments, among other things, for sales of common stock by the Company at a price below the exercise price.
	The fair value of the Supplier Warrant using the Monte Carlo simulation model was $8,933,000 and $10,047,000 at June 30, 2014 and March 31, 2014, respectively. This amount is recorded as a warrant liability which is included in other liabilities in the consolidated balance sheets at June 30, 2014 and March 31, 2014. During the three months ended June 30, 2014 and 2013, a gain of $1,114,000 and a loss of $1,140,000, respectively, were recorded in general and administrative expenses due to the change in the fair value of this warrant liability.

Accounts_Receivable_Discount_P

Accounts Receivable Discount Programs	3 Months Ended
	Jun. 30, 2014
Accounts Receivable Discount Programs [Abstract]	'
Accounts Receivable Discount Programs	'
	8. Accounts Receivable Discount Programs
	The Company uses receivable discount programs with certain customers and their respective banks. Under these programs, the Company may sell those customers’ receivables to those banks at a discount to be agreed upon at the time the receivables are sold. These discount arrangements allow the Company to accelerate collection of customers’ receivables.
	The following is a summary of the Company’s accounts receivable discount programs for continuing operations:
		Three Months Ended
		June 30,
		2014			2013
	Receivables discounted	$	68,608,000		$	44,208,000
	Weighted average days		337			332
	Annualized weighted average discount rate		2	%		2.4	%
	Amount of discount as interest expense	$	1,292,000		$	978,000

Net_Income_Per_Share

Net Income Per Share	3 Months Ended
	Jun. 30, 2014
Net Income Per Share [Abstract]	'
Net Income (Loss) Per Share	'
	9. Net Income Per Share
	Basic net income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share includes the effect, if any, from the potential exercise or conversion of securities, such as stock options and warrants, which would result in the issuance of incremental shares of common stock.
	The following presents a reconciliation of basic and diluted net income per share.
		Three Months Ended
		June 30,
		2014		2013
	Income from continuing operations	$	3,949,000	$	103,000
	Income from discontinued operations		-		100,877,000
	Net income	$	3,949,000	$	100,980,000
	Basic shares		15,082,818		14,460,979
	Effect of dilutive stock options and warrants		838,549		148,485
	Diluted shares		15,921,367		14,609,464
	Net income per share:
	Basic net income per share from continuing operations	$	0.26	$	0.01
	Basic net income per share from discontinued operations		-		6.97
	Basic net income per share	$	0.26	$	6.98
	Diluted net income per share from continuing operations	$	0.25	$	0.01
	Diluted net income per share from discontinued operations		-		6.9
	Diluted net income per share	$	0.25	$	6.91
	The effect of dilutive options excludes 1,837 shares subject to options with an exercise price of $25.51 per share for the three months ended June 30, 2014 — which were anti-dilutive. The effect of dilutive options and warrants excludes 1,116,534 shares subject to options and 735,484 shares subject to warrants with exercise prices ranging from $7.27 to $15.06 per share for the three months ended June 30, 2013— all of which were anti-dilutive.

Income_Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	10. Income Taxes
	The Company recorded income tax expenses from continuing operations for the three months ended June 30, 2014 and 2013, of $2,714,000, or an effective tax rate of 40.7%, and $74,000, or an effective tax rate of 41.8%, respectively. The income tax rates were higher than the federal statutory rate primarily due to state income taxes, which were partially offset by the benefit of lower statutory tax rates in foreign taxing jurisdictions.  In addition, the Company’s income tax rates for three months ended June 30, 2014 were positively impacted by a non-taxable gain in connection with the fair value adjustment on the warrants compared to a non-deductible loss for the three months ended June 30, 2013.
	The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, various states and foreign jurisdictions with varying statutes of limitations. At June 30, 2014, the Company continues to be under examination in the U.S. by the Internal Revenue Service for fiscal years 2011 through 2013 and by the State of California for fiscal years 2008 through 2010. The Company is not under examination in any other jurisdiction. The Company believes no significant changes in the unrecognized tax benefits will occur within the next 12 months.

Financial_Risk_Management_and_

Financial Risk Management and Derivatives	3 Months Ended
	Jun. 30, 2014
Financial Risk Management and Derivatives [Abstract]	'
Financial Risk Management and Derivatives	'
	11. Financial Risk Management and Derivatives
	Purchases and expenses denominated in currencies other than the U.S. dollar, which are primarily related to the Company’s facilities overseas, expose the Company to market risk from material movements in foreign exchange rates between the U.S. dollar and the foreign currency. The Company’s primary risk exposure is from fluctuations in the value of the Mexican peso and to a lesser extent the Chinese yuan. To mitigate these risks, the Company enters into forward foreign currency exchange contracts to exchange U.S. dollars for these foreign currencies. The extent to which forward foreign currency exchange contracts are used is modified periodically in response to the Company’s estimate of market conditions and the terms and length of anticipated requirements.
	The Company enters into forward foreign currency exchange contracts in order to reduce the impact of foreign currency fluctuations and not to engage in currency speculation. The use of derivative financial instruments allows the Company to reduce its exposure to the risk that the eventual cash outflow resulting from funding the expenses of the foreign operations will be materially affected by changes in exchange rates. The Company does not hold or issue financial instruments for trading purposes. The forward foreign currency exchange contracts are designated for forecasted expenditure requirements to fund foreign operations.
	The Company had forward foreign currency exchange contracts with a U.S. dollar equivalent notional value of $18,153,000 and $17,796,000 at June 30, 2014 and March 31, 2014, respectively. These contracts generally expire in a year or less, at rates agreed at the inception of the contracts. The counterparty to this derivative transaction is a major financial institution with investment grade or better credit rating; however, the Company is exposed to credit risk with this institution. The credit risk is limited to the potential unrealized gains (which offset currency fluctuations adverse to the Company) in any such contract should this counterparty fail to perform as contracted. Any changes in the fair values of forward foreign currency exchange contracts are reflected in current period earnings and accounted for as an increase or offset to general and administrative expenses.
	The following table shows the effect of the Company’s derivative instruments on its consolidated statements of income:
		Gain (Loss) Recognized within General and Administrative Expenses
		Three Months Ended
	Derivatives Not Designated as	June 30,
	Hedging Instruments	2014		2013
	Forward foreign currency exchange contracts	$	233,000	$	(733,000	)
	The fair value of the forward foreign currency exchange contracts of $74,000 is included in prepaid expenses and other current assets in the consolidated balance sheet at June 30, 2014. The fair value of the forward foreign currency exchange contracts of $159,000 is included in other current liabilities in the consolidated balance sheet at March 31, 2014.

Fair_Value_Measurements

Fair Value Measurements	3 Months Ended
	Jun. 30, 2014
Fair Value Measurements [Abstract]	'
Fair Value Measurements	'
	12. Fair Value Measurements
	The following table summarizes the Company’s financial assets and liabilities measured at fair value, by level within the fair value hierarchy as of June 30, 2014 and March 31, 2014:
		30-Jun-14												31-Mar-14
					Fair Value Measurements												Fair Value Measurements
					Using Inputs Considered as												Using Inputs Considered as
		Fair Value			Level 1			Level 2			Level 3			Fair Value			Level 1			Level 2			Level 3
	Assets
	Short-term investments
	Mutual funds	$	549,000			$	549,000			-			-		$	521,000		$	521,000			-			-
	Prepaid expenses and other current assets
	Forward foreign currency exchange contracts		74,000				-		$	74,000			-			-			-			-			-
	Liabilities
	Other current liabilities
	Deferred compensation		549,000				549,000			-			-			521,000			521,000			-			-
	Forward foreign currency exchange contracts		-				-			-			-			159,000			-		$	159,000			-
	Other liabilities
	Warrant liability		8,933,000				-			-		$	8,933,000			10,047,000			-			-		$	10,047,000
	The Company’s short-term investments, which fund its deferred compensation liabilities, consist of investments in mutual funds. These investments are classified as Level 1 as the shares of these mutual funds trade with sufficient frequency and volume to enable the Company to obtain pricing information on an ongoing basis.
	The forward foreign currency exchange contracts are primarily measured based on the foreign currency spot and forward rates quoted by the banks or foreign currency dealers. During the three months ended June 30, 2014 and 2013, a gain of $233,000 and a loss of $733,000, respectively, were recorded in general and administrative expenses due to the change in the value of the forward foreign currency exchange contracts subsequent to entering into the contracts.
	The Company estimates the fair value of the warrant liability using level 3 inputs and the Monte Carlo simulation model at each balance sheet date.This amount is recorded as a warrant liability which is included in other liabilities in the consolidated balance sheets at June 30, 2014 and March 31, 2014. Any subsequent changes from the initial recognition in the fair value of the warrant liability are recorded in current period earnings as a general and administrative expense. During the three months ended June 30, 2014 and 2013, a gain of $1,114,000 and a loss of $1,570,000, respectively, were recorded in general and administrative expenses due to the change in the fair value of the warrant liability.
	The assumptions used to determine the fair value of the Supplier Warrant recorded as warrant liability were:
		30-Jun-14
	Risk free interest rate		1.18	%
	Expected life in years		3.25
	Expected volatility		47.4	%
	Dividend yield		-
	Probability of future financing		0	%
	The risk free interest rate used was based on U.S. treasury-note yields with terms commensurate with the remaining term of the warrant. The expected life is based on the remaining contractual term of the warrant and the expected volatility is based on the Company’s daily historical volatility over a period commensurate with the remaining term of the warrant.
	A summary of the change to the Company’s warrant liability, as measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is presented below:
		Three Months Ended
		June 30,
		2014				2013
	Beginning balance	$	10,047,000			$	2,014,000
	Newly issued		-				-
	Total (gain) loss included in net loss		(1,114,000	)			1,570,000
	Exercises/settlements		-				-
	Net transfers in (out) of Level 3		-				-
	Ending balance	$	8,933,000			$	3,584,000
	During the three months ended June 30, 2014, the Company had no significant measurements of assets or liabilities at fair value on a nonrecurring basis subsequent to their initial recognition.
	The carrying amounts of cash, accounts receivable, accounts payable and accrued liabilities approximate their fair value due to the short-term nature of these instruments. The carrying amounts of the revolving loans, term loans and other long-term liabilities approximate their fair value based on the variable nature of interest rates and current rates for instruments with similar characteristics.

Stock_Options_and_Restricted_S

Stock Options and Restricted Stock Awards	3 Months Ended
	Jun. 30, 2014
Stock Options and Restricted Stock Awards [Abstract]	'
Stock Options and Restricted Stock Awards	'
	13. Stock Options and Restricted Stock Unit Awards
	Stock Options
	The Company granted options to purchase 82,537 and 6,000 shares of common stock during the three months ended June 30, 2014 and 2013, respectively. The cost associated with stock options is estimated using the Black-Scholes option-pricing model. The Black-Scholes option pricing model requires the input of subjective assumptions including the expected volatility of the underlying stock and the expected holding period of the option. These subjective assumptions are based on both historical and other information. Changes in the values assumed and used in the model can materially affect the estimate of fair value.
	The table below summarizes the Black-Scholes option pricing model assumptions used to derive the weighted average fair value of the stock options granted during the periods noted.
		Three Months Ended
		June 30,
		2014			2013
	Weighted average risk free interest rate		1.75	%		1.39	%
	Weighted average expected holding period (years)		5.01			7.01
	Weighted average expected volatility		46.02	%		44.21	%
	Weighted average expected dividend yield		-			-
	Weighted average fair value of options granted	$	9.65		$	2.96
	A summary of stock option transactions for the three months ended June 30, 2014 follows:
		Number of			Weighted Average
		Shares			Exercise Price
	Outstanding at March 31, 2014		1,426,968		$	9.21
	Granted		82,537		$	22.99
	Exercised		-		$	-
	Cancelled		(7,250	)	$	10.81
	Outstanding at June 30, 2014		1,502,255		$	9.96
	At June 30, 2014, options to purchase 933,016 shares of common stock were exercisable at the weighted average exercise price of $9.04.
	A summary of changes in the status of non-vested stock options during the three months ended June 30, 2014 is presented below:
		Number of			Weighted Average
		Shares			Grant Date Fair
					Value
	Non-vested at March 31, 2014		490,702		$	4.39
	Granted		82,537		$	9.65
	Vested		(4,000	)	$	3
	Cancelled		-		$	-
	Non-vested at June 30, 2014		569,239		$	5.16
	At June 30, 2014, there was $2,301,000 of total unrecognized compensation expense from stock-based compensation granted under the plans, which is related to non-vested shares. The compensation expense is expected to be recognized over a weighted average vesting period of approximately 1.9 years.
	Restricted Stock Units (“RSU’s”)
	During the three months ended June 30, 2014, the Company granted 95,645 RSU’s with an estimated grant date fair value of $2,316,000, which is based on the closing market price on the date of grant. The Company did not grant any RSU’s during the three months ended June 30, 2013. These awards generally vest in three equal installments beginning each anniversary from the grant date, subject to continued employment. The fair value related to the RSU’s will be recognized as compensation expense over the vesting period.
		Number of			Weighted Average
		Shares			Grant Date Fair
					Value
	Non-vested RSU's at March 31, 2014		138,000		$	9.32
	RSU's granted		95,645		$	24.21
	RSU's vested		(4,400	)	$	22.93
	RSU's cancelled		-		$	-
	Non-vested RSU's at June 30, 2014		229,245		$	15.27
	As of June 30, 2014, there was $3,171,000 of unrecognized compensation expense related to RSU’s, which will be recognized over the remaining vesting period of approximately 2.5 years.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Jun. 30, 2014
Accumulated Other Comprehensive Loss [Abstract]	'
Accumulated Other Comprehensive Loss	'
	14. Accumulated Other Comprehensive Income (Loss)
	The changes in accumulated other comprehensive income (loss) for the three months ended June 30, 2014:
		Unrealized gain
		on Short-Term		Foreign Currency
		Investments		Translation			Total
	Balance as of April 1, 2014	$	321,000	$	(1,198,000	)	$	(877,000	)
	Other comprehensive income (loss), net of tax		10,000		45,000			55,000
	Amounts reclassified from other comprehensive income (loss), net of tax		-		-			-
	Balance as of June 30, 2014	$	331,000	$	(1,153,000	)	$	(822,000	)
	The changes in accumulated other comprehensive income (loss) for the three months ended June 30, 2013:
		Unrealized gain
		on Short-Term		Foreign Currency
		Investments		Translation			Total
	Balance as of April 1, 2013	$	287,000	$	(1,133,000	)	$	(846,000	)
	Other comprehensive income (loss), net of tax		-		12,000			12,000
	Amounts reclassified from other comprehensive income (loss), net of tax		-		-			-
	Balance as of June 30, 2013	$	287,000	$	(1,121,000	)	$	(834,000	)

Litigation

Litigation	3 Months Ended
	Jun. 30, 2014
Litigation [Abstract]	'
Litigation	'
	15. Litigation
	There have been and may be additional claims filed against the Company by the trustee and some or all of the creditors in connection with the bankruptcy proceedings involving the Fenco Entities.  For example, the trustee has notified the Company’s insurance companies that it may have claims for wrongful acts, breach of fiduciary duty, civil conspiracy, aiding and abetting, negligence and conversion.  The Company is also a defendant in a case in Ontario Superior Court and in a case in the District Court for the District of Delaware claiming that the Company is liable for amounts due by the Fenco Entities to their employees under U.S. and Canadian law.  Any litigation to determine the validity of these claims, regardless of their merit or resolution, may be costly and time consuming and divert the efforts and attention of the Company’s management from its business strategy.  Any adverse judgment or settlement by the Company of these claims will also result in additional expense.
	The Company is also subject to various other lawsuits and claims in the normal course of business. Management does not believe that the outcome of these matters will have a material adverse effect on its financial position or future results of operations.

New_Accounting_Pronouncements

New Accounting Pronouncements	3 Months Ended
	Jun. 30, 2014
New Accounting Pronouncements [Abstract]	'
New Accounting Pronouncements	'
	16. New Accounting Pronouncements
	Income Taxes
	In July 2013, the FASB issued guidance that requires entities to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit, as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward when settlement in this manner is available under the tax law and the Company intends to use the deferred tax asset for that purpose. The amendments in this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2013. The adoption of this guidance did not have any impact on the Company’s financial position, results of operations or cash flows.
	Discontinued Operations
	In April 2014, the FASB issued guidance on reporting discontinued operations. The new guidance changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. Under the new guidance, a discontinued operation is defined as a disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has or will have a major effect on an entity’s operations and financial results. The guidance applies prospectively to new disposals and new classifications of disposal groups as held for sale after the effective date. The standard is required to be adopted by public business entities in annual periods beginning on or after December 15, 2014, and interim periods within those annual periods. The adoption of this guidance is not expected to have a material impact on the Company’s financial position, results of operations or cash flows.
	Revenue Recognition
	In May 2014, the FASB issued an amendment to the accounting guidance related to revenue recognition. The amendment was the result of a joint project between the FASB and the International Accounting Standards Board ("IASB") to clarify the principles for recognizing revenue and to develop common revenue standards for U.S. GAAP and International Financial Reporting Standards ("IFRS"). To meet those objectives, the FASB is amending the FASB ASC and creating a new Topic 606, Revenue from Contracts with Customers, and the IASB is issuing IFRS 15, Revenue from Contracts with Customers. The new guidance is effective prospectively for annual periods beginning after December 15, 2016, and interim periods within those years. Early application is not permitted. The Company is evaluating the impact of adopting this guidance to its consolidated financial statements.

Intangible_Assets_Tables

Intangible Assets (Tables)	3 Months Ended
	Jun. 30, 2014
Intangible Assets [Abstract]	'
Intangible assets subject to amortization	'
	The following is a summary of the intangible assets subject to amortization at June 30, 2014 and March 31, 2014:
				30-Jun-14					31-Mar-14
		Weighted		Gross Carrying			Accumulated		Gross		Accumulated
		Average		Value			Amortization		Carrying		Amortization
		Amortization							Value
		Period
	Intangible assets subject to amortization
	Trademarks	9 years		$	553,000		$	402,000	$	553,000	$	391,000
	Customer relationships	12 years			6,464,000			3,554,000		6,464,000		3,393,000
	Non-compete agreements	5 years			257,000			254,000		257,000		246,000
	Total	11 years		$	7,274,000		$	4,210,000	$	7,274,000	$	4,030,000
Amortization expense for acquired intangible assets	'
	Amortization expense for acquired intangible assets is as follows:
			Three Months Ended
			June 30,
			2014			2013
	Amortization expense		$	180,000		$	192,000
Estimated future amortization expense for intangible assets	'
	The estimated future amortization expense for intangible assets subject to amortization is as follows:
	Year Ending March 31,
	2015 - remaining nine months		$	490,000
	2016			349,000
	2017			266,000
	2018			266,000
	2019			266,000
	Thereafter			1,427,000
	Total		$	3,064,000

Accounts_Receivable_Net_Tables

Accounts Receivable - Net (Tables)	3 Months Ended
	Jun. 30, 2014
Accounts Receivable - Net [Abstract]	'
Schedule of accounts receivable	'
	Accounts receivable — net is comprised of the following:
		30-Jun-14			31-Mar-14
	Accounts receivable — trade	$	44,341,000		$	58,766,000
	Allowance for bad debts		(841,000	)		(854,000	)
	Customer allowances earned		(7,554,000	)		(9,088,000	)
	Customer payment discrepancies		(415,000	)		(577,000	)
	Customer returns RGA issued		(5,134,000	)		(5,809,000	)
	Customer core returns accruals		(22,442,000	)		(20,155,000	)
	Less: total accounts receivable offset accounts		(36,386,000	)		(36,483,000	)
	Total accounts receivable — net	$	7,955,000		$	22,283,000
Schedule of warranty return accrual	'
	Change in the Company’s warranty return accrual for continuing operations is as follows:
		Three Months Ended
		June 30,
		2014			2013
	Balance at beginning of period	$	8,039,000		$	6,205,000
	Charged to expense		13,007,000			11,368,000
	Amounts processed		(13,998,000	)		(12,271,000	)
	Balance at end of period	$	7,048,000		$	5,302,000

Inventory_Tables

Inventory (Tables)	3 Months Ended
	Jun. 30, 2014
Inventory [Abstract]	'
Schedule of Inventory	'
	Inventory is comprised of the following:
		30-Jun-14			31-Mar-14
	Non-core inventory
	Raw materials	$	18,084,000		$	18,787,000
	Work-in-process		239,000			124,000
	Finished goods		30,902,000			30,197,000
			49,225,000			49,108,000
	Less allowance for excess and obsolete inventory		(1,754,000	)		(1,862,000	)
	Total	$	47,471,000		$	47,246,000
	Inventory unreturned	$	7,328,000		$	7,534,000
	Long-term core inventory
	Used cores held at the Company's facilities	$	25,142,000		$	23,718,000
	Used cores expected to be returned by customers		5,857,000			6,160,000
	Remanufactured cores held in finished goods		20,139,000			18,093,000
	Remanufactured cores held at customers' locations		98,936,000			96,351,000
			150,074,000			144,322,000
	Less allowance for excess and obsolete inventory		(654,000	)		(846,000	)
	Total	$	149,420,000		$	143,476,000
	Long-term core inventory deposits	$	29,638,000		$	29,375,000

Major_Customers_Tables

Major Customers (Tables)	3 Months Ended
	Jun. 30, 2014
Major Customers [Abstract]	'
Schedule of largest customers	'
	The Company’s largest customers accounted for the following total percentage of net sales from continuing operations:
		Three Months Ended
		June 30,
	Sales	2014			2013
	Customer A		53	%		44	%
	Customer B		22	%		25	%
	Customer C		5	%		10	%
	Customer D		3	%		5	%
	The Company’s largest customers accounted for the following total percentage of accounts receivable—trade:
	Accounts receivable - trade	30-Jun-14			31-Mar-14
	Customer A		30	%		46	%
	Customer B		25	%		12	%
	Customer C		8	%		7	%
	Customer D		10	%		10	%

Debt_Tables

Debt (Tables)	3 Months Ended
	Jun. 30, 2014
Debt [Abstract]	'
Summarized information about the term loan	'
	The following summarizes information about the Company’s Term Loans at:
		30-Jun-14			31-Mar-14
	Principal amount of term loan	$	90,800,000		$	92,900,000
	Unamortized financing fees		(5,317,000	)		(5,623,000	)
	Net carrying amount of term loan	$	85,483,000		$	87,277,000
	Less current portion of term loan		(7,843,000	)		(7,843,000	)
	Long-term portion of term loan	$	77,640,000		$	79,434,000
Future repayments of the Amended Term Loan, by fiscal year	'
	Future repayments of the Company’s Term Loans, by fiscal year, are as follows:
	Year Ending March 31,
	2015 - remaining nine months	$	6,300,000
	2016		8,400,000
	2017		8,400,000
	2018		8,400,000
	2019		59,300,000
	Total payments	$	90,800,000

Accounts_Receivable_Discount_P1

Accounts Receivable Discount Programs (Tables)	3 Months Ended
	Jun. 30, 2014
Accounts Receivable Discount Programs [Abstract]	'
Schedule of accounts receivable discount programs	'
	The following is a summary of the Company’s accounts receivable discount programs for continuing operations:
		Three Months Ended
		June 30,
		2014			2013
	Receivables discounted	$	68,608,000		$	44,208,000
	Weighted average days		337			332
	Annualized weighted average discount rate		2	%		2.4	%
	Amount of discount as interest expense	$	1,292,000		$	978,000

Net_Income_Per_Share_Tables

Net Income Per Share (Tables)	3 Months Ended
	Jun. 30, 2014
Net Income Per Share [Abstract]	'
Schedule of reconciliation of basic and diluted net loss per share	'
	The following presents a reconciliation of basic and diluted net income per share.
		Three Months Ended
		June 30,
		2014		2013
	Income from continuing operations	$	3,949,000	$	103,000
	Income from discontinued operations		-		100,877,000
	Net income	$	3,949,000	$	100,980,000
	Basic shares		15,082,818		14,460,979
	Effect of dilutive stock options and warrants		838,549		148,485
	Diluted shares		15,921,367		14,609,464
	Net income per share:
	Basic net income per share from continuing operations	$	0.26	$	0.01
	Basic net income per share from discontinued operations		-		6.97
	Basic net income per share	$	0.26	$	6.98
	Diluted net income per share from continuing operations	$	0.25	$	0.01
	Diluted net income per share from discontinued operations		-		6.9
	Diluted net income per share	$	0.25	$	6.91

Financial_Risk_Management_and_1

Financial Risk Management and Derivatives (Tables)	3 Months Ended
	Jun. 30, 2014
Financial Risk Management and Derivatives [Abstract]	'
Schedule of derivative instruments on consolidated statements of operations	'
	The following table shows the effect of the Company’s derivative instruments on its consolidated statements of income:
		Gain (Loss) Recognized within General and Administrative Expenses
		Three Months Ended
	Derivatives Not Designated as	June 30,
	Hedging Instruments	2014		2013
	Forward foreign currency exchange contracts	$	233,000	$	(733,000	)

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	3 Months Ended
	Jun. 30, 2014
Fair Value Measurements [Abstract]	'
Financial assets and liabilities measured at fair value recurring basis	'
	The following table summarizes the Company’s financial assets and liabilities measured at fair value, by level within the fair value hierarchy as of June 30, 2014 and March 31, 2014:
		30-Jun-14												31-Mar-14
					Fair Value Measurements												Fair Value Measurements
					Using Inputs Considered as												Using Inputs Considered as
		Fair Value			Level 1			Level 2			Level 3			Fair Value			Level 1			Level 2			Level 3
	Assets
	Short-term investments
	Mutual funds	$	549,000			$	549,000			-			-		$	521,000		$	521,000			-			-
	Prepaid expenses and other current assets
	Forward foreign currency exchange contracts		74,000				-		$	74,000			-			-			-			-			-
	Liabilities
	Other current liabilities
	Deferred compensation		549,000				549,000			-			-			521,000			521,000			-			-
	Forward foreign currency exchange contracts		-				-			-			-			159,000			-		$	159,000			-
	Other liabilities
	Warrant liability		8,933,000				-			-		$	8,933,000			10,047,000			-			-		$	10,047,000
Assumptions used to determine fair value of warrant liability	'
	The assumptions used to determine the fair value of the Supplier Warrant recorded as warrant liability were:
		30-Jun-14
	Risk free interest rate		1.18	%
	Expected life in years		3.25
	Expected volatility		47.4	%
	Dividend yield		-
	Probability of future financing		0	%
Change in warrant liability measured at fair value recurring basis using significant unobservable inputs (level	'
	A summary of the change to the Company’s warrant liability, as measured at fair value on a recurring basis using significant unobservable inputs (Level 3) is presented below:
		Three Months Ended
		June 30,
		2014				2013
	Beginning balance	$	10,047,000			$	2,014,000
	Newly issued		-				-
	Total (gain) loss included in net loss		(1,114,000	)			1,570,000
	Exercises/settlements		-				-
	Net transfers in (out) of Level 3		-				-
	Ending balance	$	8,933,000			$	3,584,000

Stock_Options_and_Restricted_S1

Stock Options and Restricted Stock Awards (Tables)	3 Months Ended
	Jun. 30, 2014
Stock Options and Restricted Stock Awards [Abstract]	'
Summary of Black-Scholes option pricing model assumptions used to derive weighted average fair value of stock options granted	'
	The table below summarizes the Black-Scholes option pricing model assumptions used to derive the weighted average fair value of the stock options granted during the periods noted.
		Three Months Ended
		June 30,
		2014			2013
	Weighted average risk free interest rate		1.75	%		1.39	%
	Weighted average expected holding period (years)		5.01			7.01
	Weighted average expected volatility		46.02	%		44.21	%
	Weighted average expected dividend yield		-			-
	Weighted average fair value of options granted	$	9.65		$	2.96
Summary of stock option transactions	'
	A summary of stock option transactions for the three months ended June 30, 2014 follows:
		Number of			Weighted Average
		Shares			Exercise Price
	Outstanding at March 31, 2014		1,426,968		$	9.21
	Granted		82,537		$	22.99
	Exercised		-		$	-
	Cancelled		(7,250	)	$	10.81
	Outstanding at June 30, 2014		1,502,255		$	9.96
Summary of changes in the status of non-vested stock options	'
	A summary of changes in the status of non-vested stock options during the three months ended June 30, 2014 is presented below:
		Number of			Weighted Average
		Shares			Grant Date Fair
					Value
	Non-vested at March 31, 2014		490,702		$	4.39
	Granted		82,537		$	9.65
	Vested		(4,000	)	$	3
	Cancelled		-		$	-
	Non-vested at June 30, 2014		569,239		$	5.16
Schedule of restricted stock units activity	'
	During the three months ended June 30, 2014, the Company granted 95,645 RSU’s with an estimated grant date fair value of $2,316,000, which is based on the closing market price on the date of grant. The Company did not grant any RSU’s during the three months ended June 30, 2013. These awards generally vest in three equal installments beginning each anniversary from the grant date, subject to continued employment. The fair value related to the RSU’s will be recognized as compensation expense over the vesting period.
		Number of			Weighted Average
		Shares			Grant Date Fair
					Value
	Non-vested RSU's at March 31, 2014		138,000		$	9.32
	RSU's granted		95,645		$	24.21
	RSU's vested		(4,400	)	$	22.93
	RSU's cancelled		-		$	-
	Non-vested RSU's at June 30, 2014		229,245		$	15.27

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Jun. 30, 2014
Accumulated Other Comprehensive Loss [Abstract]	'
Accumulated Other Comprehensive Loss	'
	The changes in accumulated other comprehensive income (loss) for the three months ended June 30, 2014:
		Unrealized gain
		on Short-Term		Foreign Currency
		Investments		Translation			Total
	Balance as of April 1, 2014	$	321,000	$	(1,198,000	)	$	(877,000	)
	Other comprehensive income (loss), net of tax		10,000		45,000			55,000
	Amounts reclassified from other comprehensive income (loss), net of tax		-		-			-
	Balance as of June 30, 2014	$	331,000	$	(1,153,000	)	$	(822,000	)
	The changes in accumulated other comprehensive income (loss) for the three months ended June 30, 2013:
		Unrealized gain
		on Short-Term		Foreign Currency
		Investments		Translation			Total
	Balance as of April 1, 2013	$	287,000	$	(1,133,000	)	$	(846,000	)
	Other comprehensive income (loss), net of tax		-		12,000			12,000
	Amounts reclassified from other comprehensive income (loss), net of tax		-		-			-
	Balance as of June 30, 2013	$	287,000	$	(1,121,000	)	$	(834,000	)

Company_Background_and_Organiz1

Company Background and Organization (Details)	3 Months Ended
	Jun. 30, 2014
	Segment
Company Background and Organization [Abstract]	'
Number of operating segments	2
Number of reportable segments	1

Discontinued_Operations_Detail

Discontinued Operations (Details) (USD $)	3 Months Ended		2 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	31-May-13	6-May-11
			Fenco [Member]	Fapco [Member]
Business Acquisition [Line Items]	'	'	'	'
Direct ownership interest acquired (in hundredths)	'	'	'	1.00%
FAPL's ownership interest prior to acquisition (in hundredths)	'	'	'	99.00%
Combined direct and indirect ownership interest subsequent to acquisition (in hundredths)	'	'	'	100.00%
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'	'
Income from discontinued operations	$0	$100,877,000	'	'
Gain from deconsolidation of Fenco	'	'	118,095,000	'
Net sales	'	'	14,140,000	'
Operating losses	'	'	5,910,000	'
Income tax benefit from discontinued operations	'	'	1,374,000	'
Loss in connection with guarantee of obligations to Fenco suppliers	'	'	20,464,000	'
Income tax benefit from discontinued operations related to guarantee of obligations to certain Fenco suppliers	'	'	$9,156,000	'

Intangible_Assets_Details

Intangible Assets (Details) (USD $)	3 Months Ended
	Jun. 30, 2014	Mar. 31, 2014
Intangible assets subject to amortization [Abstract]	'	'
Weighted Average Amortization Period	'11 years	'
Gross Carrying Value	$7,274,000	$7,274,000
Accumulated Amortization	4,210,000	4,030,000
Trademarks [Member]	'	'
Intangible assets subject to amortization [Abstract]	'	'
Weighted Average Amortization Period	'9 years	'
Gross Carrying Value	553,000	553,000
Accumulated Amortization	402,000	391,000
Customer Relationships [Member]	'	'
Intangible assets subject to amortization [Abstract]	'	'
Weighted Average Amortization Period	'12 years	'
Gross Carrying Value	6,464,000	6,464,000
Accumulated Amortization	3,554,000	3,393,000
Non-compete Agreements [Member]	'	'
Intangible assets subject to amortization [Abstract]	'	'
Weighted Average Amortization Period	'5 years	'
Gross Carrying Value	257,000	257,000
Accumulated Amortization	$254,000	$246,000

Intangible_Assets_Amortization

Intangible Assets, Amortization Expense (Details) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Amortization and impairment of intangible assets [Abstract]	'	'
Amortization expense	$180,000	$192,000
Estimated future amortization expense for intangible assets subject to amortization [Abstract]	'	'
2015 - remaining nine months	490,000	'
2016	349,000	'
2017	266,000	'
2018	266,000	'
2019	266,000	'
Thereafter	1,427,000	'
Total	$3,064,000	'

Accounts_Receivable_Net_Detail

Accounts Receivable - Net (Details) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Mar. 31, 2014
Accounts Receivable - Net [Abstract]	'	'	'
Accounts receivable - trade	$44,341,000	'	$58,766,000
Allowance for bad debts	-841,000	'	-854,000
Customer allowances earned	-7,554,000	'	-9,088,000
Customer payment discrepancies	-415,000	'	-577,000
Customer returns RGA issued	-5,134,000	'	-5,809,000
Customer core returns accruals	-22,442,000	'	-20,155,000
Less: total accounts receivable offset accounts	-36,386,000	'	-36,483,000
Total accounts receivable - net	7,955,000	'	22,283,000
Warranty Returns [Abstract]	'	'	'
Warranty accrual included in customer returns RGA issued	2,433,000	'	2,407,000
Warranty accrual included in customer finished goods returns accrual	4,615,000	'	5,632,000
Change in warranty return accrual [Roll Forward]	'	'	'
Balance at beginning of period	8,039,000	6,205,000	'
Charged to expense	13,007,000	11,368,000	'
Amounts processed	-13,998,000	-12,271,000	'
Balance at end of period	$7,048,000	$5,302,000	'

Inventory_Details

Inventory (Details) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Non-core inventory [Abstract]	'	'
Raw materials	$18,084,000	$18,787,000
Work-in-process	239,000	124,000
Finished goods	30,902,000	30,197,000
Non-core inventory, gross	49,225,000	49,108,000
Less allowance for excess and obsolete inventory	-1,754,000	-1,862,000
Total	47,471,000	47,246,000
Inventory unreturned	7,328,000	7,534,000
Long-term core inventory [Abstract]	'	'
Used cores held at the Company's facilities	25,142,000	23,718,000
Used cores expected to be returned by customers	5,857,000	6,160,000
Remanufactured cores held in finished goods	20,139,000	18,093,000
Remanufactured cores held at customers' locations	98,936,000	96,351,000
Long-term core inventory - gross	150,074,000	144,322,000
Less allowance for excess and obsolete inventory	-654,000	-846,000
Total	149,420,000	143,476,000
Long-term core inventory deposits	$29,638,000	$29,375,000

Major_Customers_Details

Major Customers (Details)

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2014

Supplier

Sales [Member]

Sales [Member]

Sales [Member]

Sales [Member]

Sales [Member]

Sales [Member]

Sales [Member]

Sales [Member]

Accounts Receivable - Trade [Member]

Accounts Receivable - Trade [Member]

Accounts Receivable - Trade [Member]

Accounts Receivable - Trade [Member]

Accounts Receivable - Trade [Member]

Accounts Receivable - Trade [Member]

Accounts Receivable - Trade [Member]

Accounts Receivable - Trade [Member]

Significant Supplier Purchases [Member]

Customer A [Member]

Customer A [Member]

Customer B [Member]

Customer B [Member]

Customer C [Member]

Customer C [Member]

Customer D [Member]

Customer D [Member]

Customer A [Member]

Customer A [Member]

Customer B [Member]

Customer B [Member]

Customer C [Member]

Customer C [Member]

Customer D [Member]

Customer D [Member]

Supplier A [Member]

Concentration Risk [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Concentration risk percentage (in hundredths)

'

53.00%

44.00%

22.00%

25.00%

5.00%

10.00%

3.00%

5.00%

30.00%

46.00%

25.00%

12.00%

8.00%

7.00%

10.00%

10.00%

13.00%

Number of major suppliers

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt_Details

Debt (Details) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Mar. 31, 2014	Aug. 31, 2012
Summarized information about the term loan [Abstract]	'	'	'	'
Less current portion of term loan	($7,843,000)	'	($7,843,000)	'
Long-term portion of term loan	77,640,000	'	79,434,000	'
Future repayments of the Amended Term Loan, by fiscal year [Abstract]	'	'	'	'
Total (gain) loss included in net loss	-1,114,000	1,570,000	'	'
Financing Agreement [Member]	'	'	'	'
Maximum amount of capital expenditures by fiscal year [Abstract]	'	'	'	'
2015	7,000,000	'	'	'
2016	4,000,000	'	'	'
2017	4,000,000	'	'	'
Financing Agreement [Member] | Term Loans [Member]	'	'	'	'
Debt Instrument [Line Items]	'	'	'	'
Maximum borrowing capacity	95,000,000	'	'	'
Debt instrument, maturity date	6-Nov-18	'	'	'
Maximum amount of equity interests that may be repurchased	10,000,000	'	'	'
Maximum amount of capital expenditures by fiscal year [Abstract]	'	'	'	'
Quarterly principal payments	2,100,000	'	'	'
Reference interest rate under option 1	'LIBOR	'	'	'
Reference interest rate under option 1, floor (in hundredths)	1.50%	'	'	'
Interest rate over LIBOR rate under option 1 (in hundredths)	5.25%	'	'	'
Interest rate above base rate under option 2 (in hundredths)	4.25%	'	'	'
Interest rate at end of period using LIBOR option (in hundredths)	6.75%	'	6.75%	'
Summarized information about the term loan [Abstract]	'	'	'	'
Principal amount of term loan	90,800,000	'	92,900,000	'
Unamortized financing fees	-5,317,000	'	-5,623,000	'
Net carrying amount of term loan	85,483,000	'	87,277,000	'
Less current portion of term loan	-7,843,000	'	-7,843,000	'
Long-term portion of term loan	77,640,000	'	79,434,000	'
Future repayments of the Amended Term Loan, by fiscal year [Abstract]	'	'	'	'
2015 - remaining nine months	6,300,000	'	'	'
2016	8,400,000	'	'	'
2017	8,400,000	'	'	'
2018	8,400,000	'	'	'
2019	59,300,000	'	'	'
Prepayment penalty (in hundredths)	2.00%	'	'	'
Financing Agreement [Member] | Revolving Facility [Member]	'	'	'	'
Debt Instrument [Line Items]	'	'	'	'
Maximum borrowing capacity	30,000,000	'	'	'
Debt instrument, maturity date	6-Nov-18	'	'	'
Maximum amount of capital expenditures by fiscal year [Abstract]	'	'	'	'
Reference interest rate under option 1	'LIBOR	'	'	'
Interest rate over LIBOR rate under option 1 (in hundredths)	2.50%	'	'	'
Interest rate above base rate under option 2 (in hundredths)	1.00%	'	'	'
Interest rate at end of period using LIBOR option (in hundredths)	2.66%	'	2.66%	'
Future repayments of the Amended Term Loan, by fiscal year [Abstract]	'	'	'	'
Outstanding balance under revolving loan	10,000,000	'	10,000,000	'
Amount available under revolving facility	28,607,000	'	'	'
Financing Agreement [Member] | Revolving Facility [Member] | Letter of Credit [Member]	'	'	'	'
Debt Instrument [Line Items]	'	'	'	'
Maximum borrowing capacity	10,000,000	'	'	'
Financing Agreement [Member] | Revolving Facility [Member] | Commercial Letter Of Credit [Member]	'	'	'	'
Future repayments of the Amended Term Loan, by fiscal year [Abstract]	'	'	'	'
Outstanding balance under revolving loan	917,000	'	'	'
Financing Agreement [Member] | Revolving Facility [Member] | Standby Letters of Credit [Member]	'	'	'	'
Future repayments of the Amended Term Loan, by fiscal year [Abstract]	'	'	'	'
Outstanding balance under revolving loan	476,000	'	'	'
Financing Agreement [Member] | First Amendment [Member] | Revolving Facility [Member]	'	'	'	'
Debt Instrument [Line Items]	'	'	'	'
Maximum borrowing capacity	40,000,000	'	'	'
Increase (decrease) in maximum borrowing capacity	10,000,000	'	'	'
WX Agreement [Member] | Supplier Warrant [Member]	'	'	'	'
Future repayments of the Amended Term Loan, by fiscal year [Abstract]	'	'	'	'
Number of shares that can be purchased under warrants (in shares)	'	'	'	516,129
Initial exercise price (in dollars per share)	'	'	'	$7.75
Fair value of warrants issued	8,933,000	'	10,047,000	'
Total (gain) loss included in net loss	($1,114,000)	$1,140,000	'	'

Accounts_Receivable_Discount_P2

Accounts Receivable Discount Programs (Details) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Accounts Receivable Discount Programs [Abstract]	'	'
Receivables discounted	$68,608,000	$44,208,000
Weighted average days	'337 days	'332 days
Annualized weighted average discount rate (in hundredths)	2.00%	2.40%
Amount of discount as interest expense	$1,292,000	$978,000

Net_Income_Per_Share_Details

Net Income Per Share (Details) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Net Income Per Share [Abstract]	'	'
Income from continuing operations	$3,949,000	$103,000
Income from discontinued operations	0	100,877,000
Net income	$3,949,000	$100,980,000
Basic (in shares)	15,082,818	14,460,979
Effect of dilutive stock options and warrants (in shares)	838,549	148,485
Diluted (in shares)	15,921,367	14,609,464
Net income per share [Abstract]	'	'
Basic net income per share from continuing operations (in dollars per share)	$0.26	$0.01
Basic net income per share from discontinued operations (in dollars per share)	$0	$6.97
Basic net income per share (in dollars per share)	$0.26	$6.98
Diluted net income per share from continuing operations (in dollars per share)	$0.25	$0.01
Diluted net income per share from discontinued operations (in dollars per share)	$0	$6.90
Diluted net income per share (in dollars per share)	$0.25	$6.91
Minimum [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Exercise price of antidilutive options and warrants (in dollars per share)	'	$7.27
Maximum [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Exercise price of antidilutive options and warrants (in dollars per share)	'	$15.06
Options [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Antidilutive shares excluded from computation of earnings per share (in shares)	1,837	1,116,534
Exercise price of antidilutive options and warrants (in dollars per share)	$25.51	'
Warrants [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Antidilutive shares excluded from computation of earnings per share (in shares)	'	735,484

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Income Taxes [Abstract]	'	'
Income tax expenses from continuing operations	$2,714,000	$74,000
Effective income tax rate (in hundredths)	40.70%	41.80%

Financial_Risk_Management_and_2

Financial Risk Management and Derivatives (Details) (USD $)	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2014	Jun. 30, 2013
			Forward Foreign Currency Exchange Contracts [Member]	Forward Foreign Currency Exchange Contracts [Member]	Forward Foreign Currency Exchange Contracts [Member]	Forward Foreign Currency Exchange Contracts [Member]
					General and Administrative Expenses [Member]	General and Administrative Expenses [Member]
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'	'	'
Notional amount of foreign currency derivatives	'	'	$18,153,000	$17,796,000	'	'
Forward foreign currency exchange contracts	'	'	'	'	233,000	-733,000
Forward foreign currency exchange contracts included in other current liabilities	'	159,000	'	'	'	'
Forward foreign currency exchange contracts included in prepaid expenses and other current assets	$74,000	'	'	'	'	'

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)

3 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2014

Mar. 31, 2014

Jun. 30, 2014

Mar. 31, 2014

Forward Foreign Currency Exchange Contracts [Member]

Forward Foreign Currency Exchange Contracts [Member]

Warrant Liability [Member]

Warrant Liability [Member]

Supplier Warrant [Member]

Recurring [Member]

Recurring [Member]

Recurring [Member]

Recurring [Member]

Recurring [Member]

Recurring [Member]

Recurring [Member]

Recurring [Member]

Level 1 [Member]

Level 1 [Member]

Level 2 [Member]

Level 2 [Member]

Level 3 [Member]

Level 3 [Member]

Short-term Investments [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mutual funds

'

'

'

'

'

'

'

$549,000

$521,000

$549,000

$521,000

$0

$0

$0

$0

Prepaid expenses and other current assets [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Forward foreign currency exchange contracts

'

'

'

'

'

'

'

74,000

0

0

0

74,000

0

0

0

Other current liabilities [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Deferred compensation

'

'

'

'

'

'

'

549,000

521,000

549,000

521,000

0

0

0

0

Forward foreign currency exchange contracts

'

'

'

'

'

'

'

0

159,000

0

0

0

159,000

0

0

Other liabilities [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Warrant liability

'

'

'

'

'

'

'

8,933,000

10,047,000

0

0

0

0

8,933,000

10,047,000

Net gain (loss) on forward foreign currency exchange contracts

'

'

233,000

-733,000

'

'

'

'

'

'

'

'

'

'

'

Fair value assumptions of warrants [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Risk free interest rate (in hundredths)

'

'

'

'

'

'

1.18%

'

'

'

'

'

'

'

'

Expected life

'

'

'

'

'

'

'3 years 3 months

'

'

'

'

'

'

'

'

Expected volatility (in hundredths)

'

'

'

'

'

'

47.40%

'

'

'

'

'

'

'

'

Dividend yield (in hundredths)

'

'

'

'

'

'

0.00%

'

'

'

'

'

'

'

'

Probability of future financing (in hundredths)

'

'

'

'

'

'

0.00%

'

'

'

'

'

'

'

'

Change in warrant liability measured at fair value recurring basis using significant unobservable inputs (Level 3) [Rollforward]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Beginning balance

10,047,000

2,014,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Newly issued

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

Total (gain) loss included in net loss

-1,114,000

1,570,000

'

'

-1,114,000

1,570,000

'

'

'

'

'

'

'

'

'

Exercises/settlements

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

Net transfers in (out) of Level 3

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

Ending balance

$8,933,000

$3,584,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock_Options_and_Restricted_S2

Stock Options and Restricted Stock Awards (Details) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Stock Options [Member]	'	'
Summary of Black-Scholes option pricing model assumptions used to derive weighted average fair value of stock options granted [Abstract]	'	'
Weighted average risk free interest rate (in hundredths)	1.75%	1.39%
Weighted average expected holding period (years)	'5 years 0 months 4 days	'7 years 0 months 4 days
Weighted average expected volatility (in hundredths)	46.02%	44.21%
Weighted average expected dividend yield (in hundredths)	0.00%	0.00%
Weighted average fair value of options granted (in dollars per share)	$9.65	$2.96
Number of Shares [Roll Forward]	'	'
Outstanding at beginning of period (in shares)	1,426,968	'
Granted (in shares)	82,537	6,000
Exercised (in shares)	0	'
Cancelled (in shares)	-7,250	'
Outstanding at end of period (in shares)	1,502,255	'
Weighted Average Exercise Price [Roll Forward]	'	'
Outstanding at beginning of period (in dollars per share)	$9.21	'
Granted (in dollars per share)	$22.99	'
Exercised (in dollars per share)	$0	'
Cancelled (in dollars per share)	$10.81	'
Outstanding at end of period (in dollars per share)	$9.96	'
Number of stock options exercisable (in shares)	933,016	'
Weighted average exercise price of stock options exercisable (in dollars per share)	$9.04	'
Number of Shares [Roll Forward]	'	'
Non-vested at beginning of period (in shares)	490,702	'
Granted (in shares)	82,537	6,000
Vested (in shares)	-4,000	'
Cancelled (in shares)	0	'
Non-vested at end of period (in shares)	569,239	'
Weighted Average Grant Date Fair Value [Roll Forward]	'	'
Non-vested at beginning of period (in dollars per share)	$4.39	'
Granted (in dollars per share)	$9.65	$2.96
Vested (in dollars per share)	$3	'
Cancelled (in dollars per share)	$0	'
Non-vested at end of period (in dollars per share)	$5.16	'
Total unrecognized compensation expense	$2,301,000	'
Weighted average vesting period over which compensation expense is expected to be recognized	'1 year 10 months 24 days	'
Restricted Stock Units (RSUs) [Member]	'	'
Weighted Average Grant Date Fair Value [Roll Forward]	'	'
Weighted average vesting period over which compensation expense is expected to be recognized	'2 years 6 months	'
Summary of restricted stock transactions [Abstract]	'	'
Number of equal annual installments in which awards vest	3	'
Fair value to be recognized as compensation expense	2,316,000	'
Number of Shares [Roll Forward]	'	'
Non-vested RSU's at beginning of period (in shares)	138,000	'
RSU's granted (in shares)	95,645	'
RSU's vested (in shares)	-4,400	'
RSU's cancelled (in shares)	0	'
Non-vested RSU's at end of period (in shares)	229,245	'
Weighted Average Grant Date Fair Value [Roll Forward]	'	'
Non-vested RSU's at beginning of period (in dollars per share)	$9.32	'
RSU's granted (in dollars per share)	$24.21	'
RSU's vested (in dollars per share)	$22.93	'
RSU's cancelled (in dollars per share)	$0	'
Non-vested RSU's at end of period (in dollars per share)	$15.27	'
Total unrecognized compensation expense	$3,171,000	'

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income (Loss) (Details) (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'
Balance as of beginning of period	($877,000)	($846,000)
Other comprehensive income (loss), net of tax	55,000	12,000
Amounts reclassified from other comprehensive income (loss), net of tax	0	0
Balance as of end of period	-822,000	-834,000
Unrealized gain on Short-Term Investments [Member]	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'
Balance as of beginning of period	321,000	287,000
Other comprehensive income (loss), net of tax	10,000	0
Amounts reclassified from other comprehensive income (loss), net of tax	0	0
Balance as of end of period	331,000	287,000
Foreign Currency Translation Gain (Loss) [Member]	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'
Balance as of beginning of period	-1,198,000	-1,133,000
Other comprehensive income (loss), net of tax	45,000	12,000
Amounts reclassified from other comprehensive income (loss), net of tax	0	0
Balance as of end of period	($1,153,000)	($1,121,000)